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generative AI industry
Trends
- 1AI needs $6 trillion in annual revenue to justify data centre boom●AI needs $6T in annual revenue to justify data centre boom
Analysts warn the AI industry must generate roughly $6 trillion in annual revenue by 2031 for the current wave of data centre investment to pay off. The figure highlights the widening gap between the capital being poured into computing infrastructure and the revenues AI companies are actually earning, fuelling debate over whether the boom resembles a bubble.
- 2EU Chips Joint Undertaking launches two AI hardware funding calls●EU Chips Joint Undertaking puts out two calls for AI hardware development projects
The EU Chips Joint Undertaking has issued two calls for projects focused on developing AI hardware, aiming to boost European chip capabilities for artificial intelligence workloads. The move follows increased EU efforts to strengthen its semiconductor industry and reduce reliance on foreign suppliers, with funding directed at research and development of next-generation AI chips.
- 333Across rebrands as WealthStage ad platform for finance●FYI: 33Across becomes WealthStage, an ad platform for banks and trading apps: Lenders, brokers and insurers get an AI en
Ad-tech company 33Across has rebranded as WealthStage, repositioning itself as an advertising platform for banks, lenders, brokers, insurers and trading apps. The new business centres on an AI engine that scores household wealth, aiming to target financial products as an estimated $124 trillion passes between generations by 2048. Industry observers are asking which data feeds the engine and what parts of the business remain under the 33Across name.